How Much Has Internet Penetration in Asia Grown Since the Year

question 11

Multiple Choice

How much has Internet penetration in Asia grown since the year 2000?

• A) 1,100 percent
• B) 7,000 percent
• C) 3,300 percent
• D) 450 percent

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Definitions:

Employment in Steel Industry

Refers to the workforce engaged in the production and processing of steel, an important sector for many economies.

Elastic Demand

A situation where the quantity demanded of a product changes significantly due to a change in its price.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Short Run

A period in economic theory during which at least one factor of production is considered fixed and cannot be changed.